33,833 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 33,833 shares of the technology company’s stock, valued at approximately $5,931,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Oppenheimer & Co. Inc. grew its position in shares of Jack Henry & Associates by 0.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 12,702 shares of the technology company’s stock worth $2,227,000 after buying an additional 119 shares in the last quarter. National Pension Service bought a new position in Jack Henry & Associates during the 4th quarter valued at $27,000. Illinois Municipal Retirement Fund grew its holdings in Jack Henry & Associates by 4.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 41,908 shares of the technology company’s stock worth $7,346,000 after acquiring an additional 1,930 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Jack Henry & Associates by 12.9% in the 4th quarter. Los Angeles Capital Management LLC now owns 13,419 shares of the technology company’s stock worth $2,352,000 after purchasing an additional 1,538 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Jack Henry & Associates by 11.1% in the 4th quarter. Bank of New York Mellon Corp now owns 706,048 shares of the technology company’s stock worth $123,770,000 after purchasing an additional 70,540 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Up 2.5 %

NASDAQ:JKHY opened at $178.00 on Tuesday. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 3.36 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The business has a fifty day moving average of $173.03 and a 200-day moving average of $175.27.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a $0.58 dividend. The ex-dividend date is Thursday, March 6th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.30%. Jack Henry & Associates’s payout ratio is 41.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Royal Bank of Canada increased their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Stephens reiterated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Jack Henry & Associates has an average rating of “Hold” and an average target price of $186.80.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.